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Why Rent-to-Own? |
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1.
Ownership of your home!
2. No massive up-front down payment! In most cases $1000 + Rent moves you in!
3. No option fees! 100% of all deposits are refundable & can become cash at closing!
4. Rents & sales prices based on current market rents and
sales, no projected value pricing!
5. $100 monthly credits, just for paying your rent on time and handling
minor maintenance!
6. We'll reimburse you for 2 months of legal
credit repair!
7. Seller assistance at closing if needed! |
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How Does Rent-to-Own Work? |
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1.
You apply
to our rent-to-own program.
2. You rent the house.
3. We help you repair
your credit.
4. Your security deposits and other credits become cash at your closing.
5. Your on-time rental payment history makes you more attractive to lenders.
6. We help you get a mortgage on the house.
7. You cease to be a renter, and instead become a home owner! |
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Do I Need Good Credit? |
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No! We don't care about your
credit scores. We will verify your employmen &, rental
history, in order to guage your
risk, and to decide on any additional security deposit requirements, but our program is designed for people with bad credit. |
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How Much is the Deposit? |
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In most cases, your initial deposit is only $1000!
This will take the property off the market for up to 2 weeks, while we
verify your employment and check your rental
history. Once we have accepted your
application, it's just a matter of
paying your first month's rent to move in.
$50 of the deposit is a non-refundable application fee. If your
application is rejected, or you choose not to rent the property after
your application has been processed, your deposit, minus the application fee, will be refunded to you at
the address listed on your application. |
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When Do I Start Owning the
House? |
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Technically, you do not start owning the house until you obtain a mortgage and close on the house.
Our program
is not an installment plan, but rather a series of actions that
help position you to actually buy a house. It is in effect a
homebuyer training program.
However, your
initial deposit is the first step towards owning the house. The initial
deposit, security deposits, and maintenance/on-time payment
credits are all placed into an account, and
when you buy the property, it is all credited as a cash at
closing, just as if we paid it all to you, and you brought it to the closing. |
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Is There Any Way to Get
Cheaper Rent? |
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Yes. you
can get an additional $50 off your monthly rent just by being decisive
and putting a deposit down within 48 hours of viewing one of our
properties! |
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How is this Different from
a Lease-Option? |
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Rent-to-Own is nothing
more than a training program for renters to position themeselves to
become homeowners. The contract during the rental period is nothing
more than a standard rental agreement. There are no purchase options or
option fees of any kind. There is no set sales price beyond the period
in which the property is being marketed. There is no obligation on the
part of the property owner to sell the property to the renter, and the
renter has no "first right of refusal." It is a rental agreement only.
At some point during the rental period, if the renter wishes to buy the
property, the renter simply notifies the property owner of their
intent by making an offer to purchase the property. The owner will
determine if the offer is acceptable, and the sale will proceed as with
any other property purchase, with the obvious exception of the fact
that the prospective buyer is already occupying the property. |
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Encompass
Strategies LLC is a real estate investment company.
©
2008
Encompass Strategies LLC. All Rights Reserved.
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